Eaton (NYSE:ETN) and Nucor (NYSE:NUE): Jim Cramer Likes Both But One Might Be A Hidden Data Center Stock

insidermonkey.com · 2026-10-08

While Eaton Corporation plc (NYSE:ETN) and Nucor Corporation (NYSE:NUE) operate in different industries, for Cramer, it's all about the data center.

TickrTrends take: Jim Cramer's endorsement of Nucor comes alongside recognition that the company may serve data center growth dynamics, a sector experiencing significant capital deployment. Given TickrTrends' current assessment that NUE is fairly valued, investors tracking Basic Materials exposure should monitor whether data center demand becomes a material driver of earnings relative to traditional construction and automotive end-markets. The valuation context suggests the market has already incorporated known growth factors, so incremental upside would likely depend on how substantially data center-related business accelerates beyond current expectations.

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